Corporate Governance Report

Intended OutcomeThere is demarcation of responsibilities between the board, board committees and management.

There is clarity in the authority of the board, its committees and individual directors.

Practice 2.1The board has a board charter which is periodically reviewed and published on the company’s website. The board charter clearly identifies: -

the respective roles and responsibilities of the board, board committees, individual directors and management; and

issues and decisions reserved for the board.

Application

Applied

Explanation on application of the practice

The Board Charter clearly spelt out the roles and responsibilities of the Board and outlines Board membership guidelines and more specifically the role of the Chairman in leading the Board.

Besides, the Board Charter also stipulates the Board Structures of the Committees and Procedures of Board meetings besides communication with shareholders and other stakeholders.

The Board would periodically review and update the Board Charter in line with changing needs of 3A and any new regulations that may impact the discharge of the Board’s responsibilities. The Board Charter is made available on the corporate website ‐
www.three-a.com.my.

Explanation for departure

Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below.

OTHERS
THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK - PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR THE COMPANY AND/OR ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
13 Apr 2018